The aim of this paper is to restate the case for social democracy and to propose a policy agenda in response to the global financial crisis. The crisis is not a temporary aberration, to be followed by a return to the ‘normality’ of the late 20th century, dominated by the ideology of economic liberalism. Rather the economic and social system that emerges from the global financial crisis will be radically transformed. Social democrats face both new opportunities for reform, and new challenges and constraints resulting from the collapse of the economic order of the last three decades.


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